GTCO Financial Results

Digital Banking Performance (USSD) Continuous growth in the level of adoption of digital banking both in volume and value. Total number of USSD unique users grew by 4.3% (300,000) from 6.9 million in Dec. 2020 to 7.2 million in Dec. 2021. The introduction of N6.98 flat fee on successful USSD transactions impacted the growth trajectory on this platform as more customers opted for mobile and internet banking platforms for their banking transactions. USSD Value (in billions of Naira) 364.3 333.8 287.9 2691 261 USSD Volume (in millions) 85.9 83.5 84.2 81.8 81.2 82.3 81.4 82.9 78.7 76.3 81.4 72.5 72.4 74.4 70.2 69.2 63. 63.1 59. 55 56.6 51.4 433.0 77.3 391.9 386.0 380.8 379.3 369.9 363.9 367.8 71.5 361.1 355.6 339.1 330.6 335.2 319.0 312.3 280.8 293.2 275.9 212.2 Jan Jan Feb Feb Mar Apr May Jun Mar Jul ■2020 Aug Sep Oct Nov Dec ■2021 Apr May Jun Jul Aug Sep Oct Nov Dec ■ 2020 -2021 Total Value in FY 2021: N4,117.5 billion Total Value in FY 2020: N3,886.03 billion % Growth (y-o-y): 6% Total Volume in FY 2021: 966.9 million Total Volume in FY 2020: 790.0 million % Growth (y-o-y): 22% 26 26

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